Polymarket gets $300M investment from Trump Jr.’s group

[Russlenat]

Polymarket is really growing. In the past few days I have read some topics here about prediction markets being abused through insider information, and now this news came out that 1789 Capital, where Donald Trump Jr. is a partner, reportedly invested another $300 million in Polymarket.

What I’m thinking is, could this kind of political connection somehow affect how strict regulation will be in the future?

Imagine this much money going into prediction markets while the industry is still facing regulatory problems and questions about insider betting. And considering that the son of the U.S. president is connected to one of the investors, it naturally raises some questions for me.

I’m not saying there is already something wrong happening, but the timing and the amount of money involved make this worth watching closely.

[Ryu_Ar1]

In the end this is not only about the uniqueness of gambling but will lead to politics that will happen because indirectly with Trump Jr. in the Polymarket then indirectly this will also encourage political influence in gambling, although not directly this will still encourage How the Polymarket is used as a media cutter for those who do not like the Trump camp.

Of course regulation will be one of the things they will fix later but on the one hand this will also add strength to polymarket because they will still stand tall even though there will be some things they must comply with.
This is indeed a win-win symbiosis for Trump Jr. and Polymarket but ultimately for me it can also be a disadvantage for the gamblers who are in it. With regulations that are likely to increase more stringent then the gambler will be a little difficult to express themselves in gambling.

[alani123]

I can't wait for the battle between state level regulators and federal ones now.

The moment Trump fan put their finger on anything while daddy is still in power we know from precedent that they can't be touched on the federal level but... Not there surely will be more states with incentives to ban the platform and this type of betting in general.

It'll be funny while unfolding during Trump's last two years in office.

[yhiaali3]

Polymarket and Trump Jr.??!!!
There's a very strong stench of corruption in the air...
Ironically, Trump Jr. holds the position of official advisor to the platform.😍
Basically, both of them have a lot of illegal and suspicious activities taking place under the table.

Trump Jr. could exploit his father’s influence to obtain inside information on certain political events that are being predicted, and this would be illegal manipulation expected to cause a major uproar in Congress, especially by anti-Trump Democrats.

[SatsPH]

I’m not saying there is already something wrong happening, but the timing and the amount of money involved make this worth watching closely.

And it's obvious that they are supporting Polymarket when some of the US states are filing cases on this prediction platform. So it's just weird to hear that Trump Jr is on the bandwagon of Polymarket.

Could be interpreted as something that we all know already, that there is pure manipulation from behind and some big entities are trying to make a lot of money. And so that includes Trump family.